Health Tech Company Medivolve Finalizes Acquisition of CalVax Licensed Marbella Pharmacy
Medivolve Closes Marbella Pharmacy Deal Supporting Next Phase of Growth in Combining Data-Driven Clinical Diagnostics, Physician Recommendations, and Prescription Medications to Help People Live Healthier Lives
- Medivolve Closes Marbella Pharmacy Deal Supporting Next Phase of Growth in Combining Data-Driven Clinical Diagnostics, Physician Recommendations, and Prescription Medications to Help People Live Healthier Lives
TORONTO, Aug. 16, 2021 /PRNewswire/ - Medivolve, Inc. ("Medivolve" or the "Company") (NEO: MEDV) (OTC: COPRF) (FRA: 4NC), a healthcare technology and services company, is pleased to announce on August 13, 2021, it closed the previously announced acquisition of Marbella ("Marbella" or the "Pharmacy"), an open-door retail pharmacy. - The combination of Marbella's unique pharmaceuticals and Medivolve's growth plans in the health tech space will be truly powerful.
- As consideration for the acquisition of the Pharmacy, Medivolve has agreed to: (i) immediately issue 2 million Medivolve common shares to the shareholders of Marbella; and (ii) within 45 days of closing, pay cash consideration of US$275,000 to the Marbella shareholders.
- In addition, Medivolve has agreed to pay the Marbella shareholders a fee of US$5.00 per serviced COVID-19 vaccination conducted through the Marbella pharmacy license for a period of 60 months post closing.